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Wouldn't Apple have to repatriate the cash to the US in order to pay it out as dividends? (And thus pay both corporate income tax and dividend tax on it.)
by kspaans 11y ago
Wouldn't Apple have to repatriate the cash to the US in order to pay it out as dividends? (And thus pay both corporate income tax and dividend tax on it.)
- abawany 11y agoIn the current scheme of things, I believe Apple was able to pay the extra dividends using its income. The activist shareholders agitated for a bigger return to shareholders and Apple complied, as I understand it. I don't believe cash repatriation was required in this scenario. It seems that Apple was also "encouraged" to perform stock buybacks by these investors. ref: http://learnbonds.com/124673/apple-inc-aapl-is-preparing-to-give-carl-icahn-27-5-million/ http://learnbonds.com/124673/apple-inc-aapl-is-preparing-to-...